Attached files
| file | filename |
|---|---|
| EX-5.01 - EXHIBIT 5.01 - OKLAHOMA GAS & ELECTRIC CO | exhibit5018-11x17.htm |
| EX-4.01 - EXHIBIT 4.01 - OKLAHOMA GAS & ELECTRIC CO | exhibit4018-11x17.htm |
| 8-K - OG&E 8-K - OKLAHOMA GAS & ELECTRIC CO | oge8-k8x11x17.htm |
Exhibit 12.01
Oklahoma Gas and Electric Company
Ratio of Earnings to Fixed Charges
Six Months Ended June 30, | Year Ended December 31, | |||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||
(in millions) | ||||||||||||||||||
Earnings: | ||||||||||||||||||
Pre-tax income | $ | 147.4 | $ | 398.5 | $ | 373.7 | $ | 403.6 | $ | 406.1 | $ | 374.9 | ||||||
Add: Fixed charges | 77.7 | 147.9 | 153.9 | 146.9 | 136.0 | 129.6 | ||||||||||||
Subtotal | 225.1 | 546.4 | 527.6 | 550.5 | 542.1 | 504.5 | ||||||||||||
Subtract: | ||||||||||||||||||
Allowance for borrowed funds used during construction | 7.4 | 7.5 | 4.2 | 2.4 | 3.4 | 3.5 | ||||||||||||
Total earnings | 217.7 | 538.9 | 523.4 | 548.1 | 538.7 | 501.0 | ||||||||||||
Fixed Charges: | ||||||||||||||||||
Interest on long-term debt | 74.1 | 141.7 | 146.8 | 139.7 | 130.6 | 124.2 | ||||||||||||
Interest on short-term debt and other interest charges | 2.5 | 3.9 | 4.1 | 4.2 | 2.1 | 3.9 | ||||||||||||
Calculated interest on leased property | 1.1 | 2.3 | 3.0 | 3.0 | 3.3 | 1.5 | ||||||||||||
Total fixed charges | $ | 77.7 | $ | 147.9 | $ | 153.9 | $ | 146.9 | $ | 136.0 | $ | 129.6 | ||||||
Ratio of Earnings to Fixed Charges | 2.80 | 3.64 | 3.40 | 3.73 | 3.96 | 3.87 | ||||||||||||